QMC Quantum Minerals Corp. (TSX.V: QMC) (FSE: 3LQ) (OTC: QMCQF) May Make Up Shortfall in Hard Rock Lithium

April 25, 2018 12:34:21
  • Demand for lithium continues to climb
  • Hard rock still major source of lithium
  • Historic assays indicate potential of Irgon Mine

News from down under indicates that Aussie lithium miners are caught between a rock and a hard place. Not only is production of lithium-rich spodumene ores falling, but so also is the quality of those ores. These factors are likely to affect global supply, because, even though lithium headlines are dominated by activity in the South American theater, Australia is still the world’s largest producer of lithium. Most of this Aussie output comes from spodumene, which is why hard rock lithium continues to hold center stage, an encouraging trend for QMC Quantum Minerals Corp. (TSX.V: QMC) (FSE: 3LQ) (OTC: QMCQF). For the junior exploration company, this good news has been supplemented by analysis of previously conducted assays on the Irgon Dike at the prolific Cat Lake-Winnipeg River Pegmatite Field of S.E. Manitoba, results of which reveal ‘significant potential to quickly increase tonnage, as the Irgon Dike is open both along strike and to depth’ (http://nnw.fm/hf2Sx).

Hard rock continues as the major source of lithium, mainly due to Australian production. The island continent’s output was 18,700 metric tons in 2017, surpassing the 14,100 metric tons produced by Chile, the number two supplier, from brine. Global supply comes mainly from these two nations…

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